Purpose Investments Inc. Announces December Distributions and Confirms No Annual Capital Gains Distributions on All Purpose Investment Trust Funds

TORONTO, ON--(Marketwired - December 18, 2015) - Purpose Investments Inc. ("Purpose") is pleased to announce the following distributions for the month of December 2015. The ex-distribution date for all funds is December 29, 2015, with the exception of Purpose High Interest Savings ETF which has an ex-distribution date of December 31, 2015.

(1) Dividend is designated as an "eligible" Canadian dividend for purposes of the Income Tax Act(Canada) and any similar provincial and territorial legislation.

Purpose confirms that the following investment trust funds have no annual capital gains distributions for the 2015 tax year:

• Purpose Tactical Investment Grade Bond Fund
• Purpose International Dividend Fund
• Purpose Multi-Strategy Market Neutral Fund
• Purpose US Dividend Fund
• Purpose High Interest Savings ETF
• Energy Credit Opportunities Income Fund
• Limited Duration Investment Grade Preferred Securities Fund
• Investment Grade Managed Duration Income Fund
• U.S. Banks Income & Growth Fund

Purpose expects no annual capital gains distributions for the Purpose corporate class open-end funds for the 2015 tax year.

Please note that these are estimated amounts only. Circumstances may arise which would cause these estimates to change before the funds' tax year end on December 31, 2015.

Purpose expects to announce the final annual capital gains distribution amounts for Purpose Fund Corp. and NexC Partners Corp., both mutual fund corporations, on or about January 6, 2016. All annual capital gains distributions are considered notional distributions and are automatically reinvested in the funds at the time of the distribution.

Purpose Investments is an asset management firm inspired by the belief that all investors should have access to great investment products along with low fees. Purpose believes in focusing first on managing risk and creating value that is currently missing from the marketplace, thus empowering all Canadians to be better investors. Purpose has over $1.4 billion in assets under management and currently offers 14 exchange traded funds and mutual funds and 5 closed-end funds across multiple asset classes and both traditional and alternative investment strategies.

Purpose is the manager of NexC Partners Corp. (TSX: NXC), an investment corporation which invests in a portfolio of North American dividend-paying equity securities, plus owns an equity stake in Purpose.

Forward-looking information

Certain statements may constitute a forward-looking statement, including those identified by the expressions "estimate" or "expect" and similar expressions (including grammatical variations thereof) to the extent they relate to the Purpose Funds. The forward-looking statements are not historical facts but reflect the Funds' or Purpose Investments' current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. These and other factors should be considered carefully and readers should not place undue reliance on the Funds' forward-looking statements. These forward-looking statements are made as of the date hereof and the Funds do not undertake to update any forward-looking statement that is contained herein, whether as a result of new information, future events or otherwise, unless required by applicable law.

Commissions, trailing commissions, management fees and expenses all may be associated with an investment in investment funds managed by Purpose Investments. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. Please read the Funds' prospectus before investing.